Zimbabwe: Mauritian Investor Snaps Up IDC Stake

3 October 2014

A MAURITIAN registered investor, with a balance sheet valued at $40 billion, has snapped up 16 percent of Industrial Development Corporation's stake in Chitungwiza-based cooking oil processor Surface Investments.

IDC spokesman Mr Derek Sibanda confirmed yesterday saying the deal was concluded in July this year and was meant to raise funding to finance IDC's debts, but would not discuss the exact identity of the investor

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